Republic of Croatia: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Croatia
IMF Staff Country Reports, September 10, 2021
Source details
- Canonical URL
- Republic of Croatia: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Croatia
Other formats
Bibliographic details
- Published: September 10, 2021
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513595429.002
Economic impact and outlook
- Tourism-related industries contribute about 25 percent total to GDP and employment.
- The economy contracted by 8.0 percent in 2020 due to the pandemic and two devastating earthquakes.
- Staff projects growth to bounce back to 5.4 percent in 2021.
- The rebound is expected to be driven by:
- a rebound in the services sector,
- investment,
- supportive fiscal and monetary policies,
- large EU grants over the medium-term.
Health and pandemic context
- Vaccinations have been rolled out to about 38 percent of the population (end-June 2021).
Policy themes and keywords
- Subjects: COVID-19, Economic sectors, Expenditure, Financial institutions, Health, International organization, Loans, Monetary policy, Public debt, Tourism.
- Keywords: COVID-19, EU funds, EU investment grant, expansionary fiscal policy, Global, Loans, monetary policy stance, targeted monetary policy response, Tourism.
Document specifics highlighted in the summary
- Pages: 73
- Volume: 2021
- Issue: 205
- Series: Country Report No. 2021/205
- Stock No: 1HRVEA2021001
- DOI: https://doi.org/10.5089/9781513595429.002
- ISBN: 9781513595429
- ISSN: 1934-7685
Republic of Croatia: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Croatia (September 10, 2021).
Content in this bundle
- 1. Recent Changes Affecting Tax Revenues